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 Send to email | Jeff Bewkes Says Still Separating AOL Access, Admits Wasted Money on Bebo in General |  By Silicon
el 30-May-2008 |
bewkespauliewalnuts.jpg: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
 Time Warner CEO Jeff Bewkes denied our source's report that AOL has decided not to separate (and then, possibly, sell) its Access business, PaidContent's Joseph Weisenthal reports. And just in the nick of time, too: Peter Kafka says Liberty might actually be interested in buying it.
AOL had already flatly denied our source's story, so Jeff's remarks aren't a big surprise. (We'll check back with our source to see if he/she has changed his/her tune). If AOL does push forward and cut the two businesses apart, it will be interesting to see how they do it. Specifically, it will be interesting to see:
- Profitability of access
- Profitability of content
- Future traffic distribution agreements between the two (a significant percentage of AOL's content pageviews still come from dial-up subscribers).
Jeff also apparently admitted that Time Warner probably overpaid for Bebo, which has been the consensus since the deal was announced. For the sake of us Time Warner shareholders, it's too bad this revelation couldn't have come before the deal was consummated.
Photo: Portfolio.com
See Also: AOL Will Not Separate Access and Content Businesses--Source
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| AOL For Sale (TWX)* |  At a meeting with about a dozen senior members of AOL's staff yesterday, Jeff Bewkes left at least one member of management with the impression that the company is for sale, a source [..] Read complete article | | Published 01-Jul-2008 by Silicon in CMSCA
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